Technical Analysis

Daily: The chart shows a bearish red candle on August 19, 2025, with BTC/USDT opening at $116,227, hitting a high of $116,726, low of $114,366, and closing at $114,890 (-1.15%). Price is below MA7 ($117,835) and MA25 ($116,990), signaling short-term weakness and potential consolidation. Support at $114,366 (daily low); resistance at $116,227 (open). Volume bars mixed, with declining momentum. RSI likely oversold on lower timeframes.

$BTC $ETH

Weekly: On the 1W timeframe, BTC remains in an uptrend above MA99 ($111,002), but recent pullback from highs suggests correction. Amplitude 2.03%, with price curving downward after touching resistance near $117k. Key support $112k–$113k; resistance $118k–$120k.

Fundamental Analysis

Daily/Weekly: Bullish sentiment persists amid ETF inflows (+$0.5B recently) and institutional demand (e.g., US desks buying dips). Macro tailwinds include softer DXY, easing yields, and potential Fed rate cuts in September. Mining difficulty highs increase costs, supporting scarcity. However, August seasonality often brings volatility and lower volumes.

Buy/Sell Entries

Buy:

Enter long at $114,500 (near support), target $116,000 (resistance), stop-loss $114,000. RR 1:3, anticipating bounce.

Sell: Enter short below $114,300 (break low), target $112,000 (next support), stop-loss $114,900. Watch for liquidation cascades.

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